Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- UDC posts 57pc rise in Q1 results  Join our daily free Newsletter

MENAFN - The Peninsula - 28/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) United Development Company (UDC), one of the leading Qatari shareholding companies and master developer of The Pearl-Qatar, yesterday announced the financials for the first quarter ending March 31, 2014 and posted a net profit of QR360m, up 57 percent, compared to QR229m for the corresponding period last year.

The net profit attributable to owners of the company stood at QR352m, with earnings per share reaching QR0.99 for Q1 2014 compared to QR0.59 in the same period of 2013, witnessing an increase of 68 percent from Q1 2013 figures. The gross profit for Q1, 2014 was reported at QR307m compared to QR277m for the same peod last year.


Turki Al Khater (pictured), Chairman of UDC, said: "I am pleased with our revenue performance as we continue to invest in our capabilities and grow our ranks with the aim of enhancing our market position while we pursue our long-term strategic initiatives."

Al Khater, who had predicted during last month's annual general assembly that the results in 2014 will improve drastically starting with the first quarter results, added that the company is fortunate to be operating in a highly visionary and rapidly developing country, and that this backdrop presents multiple opportunities for continuing the sound financial performance.

 


The Peninsula




  MENA News Headlines
 Mar 24 2017 - Cheap Tortuga Music Festival Tickets at CapitalCityTickets.com with Promo CodeMENAFN Press
(MENAFN Editorial) CapitalCityTickets.com carries a vast selection of Tortuga Music Festival concert tickets at affordable prices. The Tortuga Music Festival will take place at Fort Lauderdale Beach ...

 Mar 24 2017 - Reputable Registered Nurse and Graduate of Grand Canyon University, Nisha Pullat, RN, BSN, will be Exhibited in the Worldwide Leaders in Healthcare | #PRNCMENAFN Press
(MENAFN Editorial) The International Nurses Association is pleased to welcome Nisha Pullat, RN, BSN, to their prestigious organization with her upcoming publication in the Worldwide Leaders in ...

 Mar 24 2017 - Falconcity of Wonders to connect Chinese with top Dubai projects as Platinum Sponsor of Dubai Property Show ChinaMENAFN Press
(MENAFN Editorial) UAE, March 22, 2017 Falconcity of Wonders LLC, the developer of Falconcity of Wonders (FCW), the multipurpose megaproject currently being built in Dubai, has confirmed its ...

 Mar 24 2017 - An Industry First: Teradata Debuts Open Source Kylo to Quickly Build, Manage Data PipelinesMENAFN Press
(MENAFN Editorial) Dubai, UAE March 22, 2017 Teradata (NYSE: TDC), a leading analytics solutions company, announced a new and important contribution to the open source community that will deliver ...

 Mar 24 2017 - Department of Economic Development Ajman launches new event aimed at raising awareness on promoting a secure consumption cultureMENAFN Press
(MENAFN Editorial) UAE, March 22, 2017- The Commercial Control and Consumer Protection Department of the Department of Economic Development - Ajman (DED-Ajman) will launch tomorrow (March 23, ...

 Mar 24 2017 - ManageEngine to Advance Business-IT Alignment with Help from ZohoMENAFN Press
(MENAFN Editorial) ManageEngine, the real-time IT management company, today announced its strategy for advancing the state of IT management and aligning IT with business objectives. Parent ...

 Mar 24 2017 - Cardiovascular disease may be one of the main causes of death in type 2 diabetesMENAFN Press
(MENAFN Editorial) By: Dr. Arif Abulla Abdulrahim Al Nooryani - CEO of Al Qassimi Hospital Sharjah | Head of Cardiac Cath Lab at Al Qassimi Hospital Sharjah UAE United Arab Emirates 23st ...

 Mar 24 2017 - Drake and Scull signs-off the sale deal of its ownership share in the ONE PALM development in DubaiMENAFN Press
(MENAFN Editorial) UAE, March 23, 2017 Drake & Scull International PJSC ('DSI or the 'Company), a regional engineering and services leader, signed today the sale deal of its ownership share in ...

 Mar 24 2017 - Philips expands presence across the regionMENAFN Press
(MENAFN Editorial) United Arab Emirates Royal Philips (NYSE: PHG, AEX: PHIA) announced today that is has expanded its footprint across the region following the inauguration of its new scientific ...

 Mar 24 2017 - Supreme Legislation Committee to promote more creative ideas in newly-launched Happiness Cup' contestMENAFN Press
(MENAFN Editorial) UAE, March 23, 2017- As part of the celebration of the International Day of Happiness, and in line with the efforts to achieve its goals and objectives to provide a happy work ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help